Minneapolis-based U.S. Bancorp reported Thursday that average credit card loans for the third quarter remained flat at $4.0 billion. Compared to 3Q/98, the issuer’s outstandings actually dropped 1.6%. However fee income edged up 3.3% over the past twelve months, from $156.1 million for 3Q/98 to $161.3 million for 3Q/99. Meanwhile chargeoffs have continued to drop over the past year. For 3Q/99 U.S. Bancorp credit card chargeoffs came in at 3.50% compared to 4.69% for the previous quarter and 4.26% one year ago. For complete 3Q/99 financials for U.S. Bancorp visit CardData ([www.carddata.com]).